Word: dollarization
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Dates: during 1980-1989
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...million apiece to the L.A.O.O.C. and could not back out even if they wanted to, also put the brightest possible face on the boycott. Said Steve Leroy, media manager for McDonald's Corp., which spent $4 million building the Olympic swim stadium on the U.S.C. campus: "For every dollar we've spent, we expect the public to be aware that we have this type of commitment to sports. The program already has been a big success...
...After the television rights to the 1988 Whiter Games in Calgary were sold to ABC for $309 million ($218 million more than its winning bid for the Sarajevo competition), some broadcast analysts speculated that the rights to the Seoul Games would take a dizzying leap toward the billion-dollar mark. Now, with only a month to go before the rights are awarded, that estimate has been scaled back sharply. Similarly, U.S. and West European firms that regularly establish commercial tie-ins with the quadrennial Games may prove more cautious than ever in becoming associated with an event that could once...
When he is not arranging billion-dollar loans-or dueling with his critics-De Larosiere enjoys listening to Bach and Beethoven and entertaining in his Washington, D.C., house. When he can, he takes his wife France to the movies or the theater. He enjoys fly-fishing and reading history. His current bedside book is one of Jean Favier's about the Middle Ages in France. It is a great way to escape the problems of contemporary world finance...
That's 50 cent an hour more than student computer programmers usually make. It's a dollar more than the dorm crew supervisors make. It's two dollars more than other student office workers get. And it comes directly out of the students' pockets--Melendez's salary is financed by the $10 Undergraduate Council fees tacked on to student term bills...
...anything now that it's been proven that a student can fill the post. Members of the Undergraduate Council praise Melendez as a competent, efficient office manager. "I think there will always be undergraduates qualified to do this job," Melendez says. So why are we stuck with the seven dollar rate...